No, I have to agree with Bob, even adjusted it is at an all time record
high, according to most news agencies.
"two wheels" wrote in message
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On 23 Oct 2003 16:40:18 GMT, (Bobsprit) wrote:

Every news source and I mean EVERY one reported that our national
debt is at an all time high. What's surprising is that the war was
not a huge factor.His tax plan and spending ruined the economy. I
hope everyone enjoyed those refund checks that the country
couldn't afford.
Gore was right from the beginning. He's right not to run. Why
should he try to repair the Bush mess?

RB

I think you mean the deficit, don't you? In real dollars, it's NOT
at an all time high. In real dollars, as a percentage of the
economy, it's about half of what it was in the 1980s. The real high
was in the 1940s, during WWII. It's meaningless to cite raw dollar
amounts without comparing it to the size of the economy. A $300 or
$400 billion dollar deficit means something quite different if it
happens in Bolivia, than if it happens in the USA. Be cautious of
what the virulent Bush-haters do with numbers. They lie though
their teeth. And, you'll be happy to know that the deficit
forecasts keep coming down as every month passes. I know you'll be
happy to hear that.

two wheels


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